Coal's Fading Crown to Get Indian Polish as Demand Stagnates
- IEA sees stagnation in global coal demand through 2022
- India, Southeast Asia to Offset Declines in China, Europe
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Coal may have fallen out of favor in China, North America and Europe, but India and other Asian nations will ensure the dirtiest fossil fuel continues to supply more than a quarter of the world’s energy.
Rapid economic development in parts of Asia will rely on coal-fired plants, the International Energy Agency said in its Coal 2017 market report. After a government anti-pollution drive that resulted in one of the largest ever yearly declines in China, demand there will change little to 2022 to cement its position as the largest market by far.